The benefits of Richardson GMP

Richardson GMP isn't your typical wealth management firm.

We're an independent, leading-edge wealth management firm accountable to a very important group of people — our clients.

Our firm has a history of serving some of the most successful families and entrepreneurs in the country. And there's something distinctly different in the way we do business. For one thing, our Investment Advisor teams consist of some of the sharpest minds in the business, each bringing many years of experience and knowledge to the table. They're all fully invested in Richardson GMP as owners, so they'll ensure that the priorities of the business are fully aligned with your priorities.

As an independent firm, we're able to access exclusive and innovative solutions for our clients. We also have Tax & Estate Planning professionals located across the country who will work with you and your Investment Advisor to create a customized Wealth Plan that best suits your unique financial needs and goals.

Add to this our commitment to the highest level of service, and you have a wealth management firm that's not only different from the rest, but one that makes a difference. At Richardson GMP we understand your needs. And we'll continue to strive for excellence and earn your trust.

Richardson GMP embraces fiduciary excellence

At Richardson GMP, we aspire to achieve the highest standards of integrity, transparency and best practices in managing the wealth of our clients. There has never been a time in the financial industry where wealth management firms must work more diligently to earn clients’ trust. Countries such as Great Britain, Australia and the U.S. are proactively pursuing fiduciary standards of care. Richardson GMP has taken a leadership position in Canada in this regard, and signaled to the industry its commitment in setting standards and best practices for the firm while providing clients with a true strategic partner and fiduciary.

What is a fiduciary

The word 'fiduciary' comes from the Latin word 'fiducia' meaning 'trust'. It refers to a person (or a business such as a bank or an Investment Advisory firm) who has the power and obligation to act for another under circumstances that require total trust, good faith and honesty.

Characteristically, the fiduciary has greater knowledge and expertise about the matters being handled. A fiduciary is held to the highest standards of conduct and trust. They must avoid self-dealing or situations in which the potential benefit to the fiduciary is in conflict with what is best for the person who placed trust in them.

Richardson GMP – setting the standard for excellence

This esteemed annual certification program ensures that Richardson GMP’s Portfolio Management Account platform for those advisors who have complete control over investment decisions for their clients and the firm’s Separately Managed Account platform conform to the global fiduciary standards of excellence. Richardson GMP is the first Canadian firm to achieve designation for our Separately Managed and Portfolio Management Account platforms.

By undertaking a voluntary certification by the Centre for Fiduciary Excellence (CEFEX) as Richardson GMP has done, and having an ongoing, independent, third-party, rigorous assessment process to audit our practices, clients can feel confident that the trust they are placing in our firm is warranted.

Our commitment to safeguarding your wealth

Keeping your assets safe.

You’ve worked hard to build your assets – and we want you to know that we’re going to work even harder at keeping them safe. We rely on corporate governance best practices and adhere to the stringent rules and regulations set by our regulatory bodies. We only invite the most experienced and knowledgeable Investment Advisors to join our firm, with each committing to a thorough people, process and performance review.

Regulatory oversight and protection.

Richardson GMP is a member of the Investment Industry Regulatory Organization of Canada (IIROC), which sets high quality regulatory and investment industry standards, protects investors and strengthens market integrity while maintaining efficient and competitive capital markets. IIROC carries out its regulatory responsibilities through setting and enforcing rules regarding the proficiency, business and financial conduct of dealer firms and their registered employees and through setting and enforcing market integrity rules regarding trading activity on Canadian equity marketplaces.

Richardson GMP is also a member of the Canadian Investor Protection Fund (CIPF). CIPF was created by the investment industry so that your assets, within defined limits (including cash, securities and certain other property), are protected in the case of a Member firm insolvency.

Enhanced safety with coverage from Lloyd’s of London.

Richardson GMP is also committed to enhancing the safety of your assets with a separate insurance policy through Lloyd's of London, which doubles the basic CIPF coverage to $2 million for each general and separate account.